The state of fintech funding, in five charts
Investment in financial technology may have fallen a spectacular 47 percent last year, but it is perhaps just an indication of the maturation of the industry.
Total global funding to fintech companies fell to 47 percent to $24.7 billion in 2016 from $46.7 billion the year before, according to KPMG’s quarterly fintech funding report, The Pulse of Fintech, which came out Feb. 23. Deal activity dropped to 1,076 from 1,255 the year before.
“The appetite for fintech investment is strong and will remain so for the foreseeable future,” said Steven Ehrlich, lead analyst for emerging technologies at Spitzberg Partners. “However, things are certainly not as frothy as they used to be, especially for the early-stage companies.”
That’s largely due to investors’ renewed focus on business models and plans for profitability, Ehrich said. And as always, regulation. “Startups are realizing that they cannot skirt those requirements, and financial institutions are working to make sure that everyone is playing by the same set of rules.”
We dove into who’s funding fintech activity on a global level today.
-
Will Twitter continue to be where brands comment on the Super Bowl – or will TikTok play usurper?
As TikTok continues to dominate marketing conversations, experts sound off on whether or not it will become the future second screen for live events.
-
Wave of AI-based marketing startups arrives as Microsoft, Google rush AI-based products to market
As Microsoft and Google compete with generative content, much smaller firms are building their own tech to tackle new territory
-
Digiday+ Research: On the eve of the Super Bowl, brands much prefer advertising on CTV over traditional TV
Brands prefer investing in connected TV over traditional TV — if they're spending on TV at all, a Digiday+ Research survey found.
-
SponsoredAdvertising predictions that will shake up the media industry in 2023
Chris Kelly, CEO, Upwave Like many people, marketers and advertisers were ready to see 2022 come to a close. A year that started off promising was assailed by inflation, layoffs and the disastrous effects of RSV, the flu and additional COVID strains. Still, despite an uncertain outlook for 2023, there are plenty of reasons for […]
-
Pinterest jockeys for position in platforms arms race for short-form video
The company’s recent deal with Conde Nast was just the start.
-
Brands stay silent on Tyre Nichols killing as marketers signal it as an industry backslide
Compared to the things that were said and acted upon during the murder of George Floyd and the protests that took place three years ago, many brands have been relatively quiet around Tyre Nichols.
